Wizards Pick Up Option On Young, McGee

Posted by Stephen Rhodes under NBA Contract Extension

The Washington Wizards, according to the Washington Times, have secured two more players for another year as the option was picked up for guard Nick Young and center/forward JaVale McGee; their option being renewed means both will be in Washington next season.

Under the current terms of the collective bargaining agreement, the first two years of a first round pick’s contract are guaranteed and the team has the option to renew the contract for a third and fourth season. Young, in his third year, will be under contract through the 2010-11 season and earn about $2.6 million while McGee, a second-year player, was renewed for his third season and will earn about $1.6 million.

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